On the eve of the monetary policy decision, Brazilian President Luiz Inácio Lula da Silva intensified criticism of the country’s central bank, calling it “irresponsible” for keeping borrowing costs to a maximum of six years. The decision is projected to cause no change in the benchmark Selic index. Lula da Silva said this Tuesday that […]
Tag: Luiz Inacio Lula da Silva
Unemployment in Brazil grows to 8.4% between November and January
Unemployment registered a rebound in Brazil to 8.4% between last November and January, after noting ten consecutive quarterly falls, according to data released this Friday by the Brazilian institute of statistics, IBGE. The unemployment figure between November and January was higher than the 7.9% rate registered between October and December of last year, according to […]
Brazilian corn exports to China total only 70,000 tons in February, says the Government
Brazilian exports of corn to China totaled just 70,000 tons in February, with grain shipments more concentrated in the new crop of soyaccording to data published by the government statistics system. The volume represents a sharp drop compared to January, when exports to China totaled 983,700 tons of corn, out of a total exported by […]
Retailer Americanas scandal won’t affect Brazilian banks much: Central Bank
The Central Bank of Brazil said Thursday that the impact of the accounting scandal in which the retailer has been American SA on banks would be “negligible”, even in an extreme scenario. The statement is in the minutes of last week’s Financial Stability Committee meeting, in which it was decided to maintain a neutral macroprudential […]
They open an investigation into irregular entry of jewelry for Bolsonaro
The Federal Police of Brazil opened an investigation to clarify “irregular entry” to the country of a set of jewels that the Government of Saudi Arabia gave in 2021 to the then president, Jair Bolsonaro and his wife, Michelle Bolsonaro, reported official sources. The investigation will be processed “under judicial secrecy” and “It has an […]
Lula discusses peace efforts with Zelenski in a video call
The Brazilian President, Luiz Inacio Lula da Silvahe told his Ukrainian counterpart on Thursday, Volodymyr Zelenski, which will encourage countries to join peace talks to end the conflict between Ukraine and Russia. “I reaffirmed Brazil’s desire to talk with other countries and participate in any initiative related to the construction of peace and dialogue. The […]
Biden and Lula show unity on democracy and climate change
The president of USA, Joe Bidenheld talks at the White House on Friday with the leftist president of Brazil, Luiz Inacio Lula da Silvain a restart of relations between the two countries after the end of the stormy Government of Jair Bolsonaroan ally of Donald Trump. The two leaders opened their meeting in the Oval […]
Lula sharpens crisis with central bank while traders see rate hike
Lula described the central bank’s stance on rates as a “shame” and urged companies to complain about borrowing costs. “there is no justification” so that the Selic reference rate is at its current level of 13.75%, he said Monday during the swearing-in ceremony for Aloizio Mercadante as executive director of the state development bank, BNDES, […]
Lula puts Vladimir and Volodímir on the same plane
Lula took up his former position – he had already been president between 2003 and 2010 – barely a month ago, after a four-year term from the right-wing populist Jair Bolsonaroalso known as the “Trump of the tropics”. A week after Lula took office, pro-Bolsonaro groups even looted federal buildings in Brasilia, a ludicrous imitation […]
Bolsonaro has no plans to return to Brazil, says his son
The former Brazilian president Jair Bolsonaro has no forecast to return to Brazil nor is he concerned about the investigations that were opened against him since he traveled to USAsaid his eldest son, Senator Flávio Bolsonaro, this Saturday. “There is no forecast for his return. He will know when he does it. It may be […]